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<IPO>HKEX Purportedly Mulls Allowing More Types of Firms to File IPO Applications Confidentially
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HKEX (00388.HK) is contemplating to allow more types of companies to submit IPO applications confidentially to fortify its leading position in the global IPO market, Bloomberg, citing people with the knowledge of the matter, reported. The proposal mentions expanding the scope of non-public submissions from the tech and biotech sectors to traditional industries, sources divulged. The proposal is expected to be included in a market consultation paper to be released by HKEX at the end of February. The Securities and Futures Commission (SFC) declined to comment but stated in a statement that it will continue to work closely with HKEX to explore measures to further enhance the competitiveness of Hong Kong's listing market, ensuring that Hong Kong remains the preferred listing destination for quality companies. AASTOCKS Financial News |
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